There’s a huge difference between capitalism and oligarchy. What we have is oligarchy. All the worst parts of capitalism. 19th century robber-baron “capitalism.”
That is corporatocracy. Corporatism is a political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests.
Capitalism today looks nothing like capitalism in the 1950s. Back then, a family could easily survive on the income of one person. With money left over to pay for college education, a car and a house.
That is not the situation today, where most Americans have NO retirement savings. Unless you’re redefining what capitalism IS, then that’s a problem caused by the people in charge (oligarchs).
That is not the situation today, where most Americans have NO retirement savings. Unless you’re redefining what capitalism IS, then that’s a problem caused by the people in charge (oligarchs).
Bananas were cheap too… because Western [capitalist!!!] imperialism supported fascist death squads in Latin America who sold out their country to United Fruit [a capitalist corporation]. It’s a whole system of oppression, not just the WASPs you see on Mad Men reruns.
You are the one who is deeply confused.
Capitalism is the private ownership of the means of production. Thinking there was no oligarchy when C. Wright Mills was writing The Power Elite shows that you are not only confused about economic theory, but misinformed about the history of the US as well.
You literally do not know what capitalism is. Capitalism is not commerce or economy, capitalism is a social relation system that is defined by private ownership of the means of production and prioritizes commodity production for profit by way of wage labor and class antagonism. Maybe you should read more before you state your factually incorrect statements.
The erosion of safety nets and the shift away from stronger state planning in the economy in the US is a product of ever-further monopolization and the dissolution of the USSR. I am not redefining Capitalism, the Capitalism we have today is the natural following point of earlier Capitalism.
Same underlying system, different levels and scale.
There’s a huge difference between capitalism and oligarchy. What we have is oligarchy. All the worst parts of capitalism. 19th century robber-baron “capitalism.”
Bro bro no listen we need to capitalism better
Oh, it isn’t real capitalism. Trust me, it would work so much better another time, trust me
“It wasn’t real
communismcapitalism”❌❌❌
Capitalist economic systems will inevitably lead to oligarchy
It leads to corporatism, the most important aspect of fascism.
Wonder why capitalist countries never mention that?
That is corporatocracy. Corporatism is a political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests.
Source: https://en.wikipedia.org/wiki/Corporatism
The “oligarchy” of today is not distinct from Capitalism, but Capitalism at a later stage in its life.
Capitalism today looks nothing like capitalism in the 1950s. Back then, a family could easily survive on the income of one person. With money left over to pay for college education, a car and a house.
That is not the situation today, where most Americans have NO retirement savings. Unless you’re redefining what capitalism IS, then that’s a problem caused by the people in charge (oligarchs).
Americans really don’t understand that they aren’t the only country on earth
And then the capital started buying the politicians.
Bananas were cheap too… because Western [capitalist!!!] imperialism supported fascist death squads in Latin America who sold out their country to United Fruit [a capitalist corporation]. It’s a whole system of oppression, not just the WASPs you see on Mad Men reruns.
You are the one who is deeply confused.
Capitalism is the private ownership of the means of production. Thinking there was no oligarchy when C. Wright Mills was writing The Power Elite shows that you are not only confused about economic theory, but misinformed about the history of the US as well.
You literally do not know what capitalism is. Capitalism is not commerce or economy, capitalism is a social relation system that is defined by private ownership of the means of production and prioritizes commodity production for profit by way of wage labor and class antagonism. Maybe you should read more before you state your factually incorrect statements.
So back then capitalism had working colonialism and now many colonies freed themselves, and now we are the ones getting exploited
The erosion of safety nets and the shift away from stronger state planning in the economy in the US is a product of ever-further monopolization and the dissolution of the USSR. I am not redefining Capitalism, the Capitalism we have today is the natural following point of earlier Capitalism.
Same underlying system, different levels and scale.